MAXLINEAR, INC MXL

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

We are a provider of communications systems-on-chip, or SoCs, used in broadband, mobile and wireline infrastructure, data center, and industrial and multi-market applications. We are a fabless integrated circuit design company whose products integrate all or substantial portions of a high-speed communication system, including radio frequency, or RF, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management. Our ability to design analog and mixed-signal circuits in complementary metal-oxide-semiconductors, or CMOS, allows us to efficiently combine analog functionality and complex digital signal processing logic in the same integrated circuit. As a result, we believe our solutions have exceptional levels of functional integration and performance, low manufacturing cost, and reduced power consumption versus competition. These solutions also enable shorter design cycles, significant design flexibility and low system-level cost across a range of markets.

Last close 63.46 2026-10-23
Market cap $5.76B 2026-06-30 share count
52-week range 12.77 - 128.30

Valuation FY2025 figures against the last close

P/S12.3x
P/E—
P/FCF819.7x
EV/EBITDA—
Dividend yield—
Diluted EPS-1.58

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $467.6M$360.5M$693.3M$1.12B$892.4M$478.6M$317.2M$385.0M$420.3M$387.8M
Cost of revenue $201.8M$165.7M$307.6M$470.5M$396.6M$265.8M$149.5M$176.2M$212.4M$157.8M
Gross profit $265.8M$194.8M$385.7M$649.8M$495.8M$212.8M$167.7M$208.8M$208.0M$230.0M
SG&A $159.6M$138.3M$132.2M$168.0M$149.9M$130.0M$88.8M$101.8M$105.8M$64.5M
Total operating expenses $392.7M$418.1M$423.9M$469.5M$430.6M$313.9M$189.7M$227.9M$229.6M$166.9M
Operating income -$126.9M-$223.4M-$38.2M$180.2M$65.2M-$101.1M-$22.1M-$19.1M-$21.7M$63.1M
Interest expense $10.1M$10.9M$10.7M$9.8M$13.0M$13.0M$11.1M$14.3M$10.4M$104.0K
Pre-tax income -$140.9M-$238.7M-$63.8M$174.2M$47.9M-$114.9M-$32.5M-$32.9M-$34.0M$63.7M
Income tax $4.2M$6.5M$9.3M$49.2M$5.9M$16.3M$12.6M$6.7M$24.8M$2.4M
Net income -$136.7M-$245.2M-$73.1M$125.0M$42.0M-$98.6M-$19.9M-$26.2M-$9.2M$61.3M
EPS, basic -1.58-2.93-0.911.600.55-1.35-0.28-0.38-0.140.96
EPS, diluted -1.58-2.93-0.911.550.53-1.35-0.28-0.38-0.140.91
Shares, diluted (wtd. avg.) 86.6M83.6M80.7M80.9M79.7M73.1M71.0M68.5M66.3M67.7M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $72.8M$118.6M$188.4M$188.4M$131.7M$150.0M$93.1M$74.2M$74.4M$82.9M
Short-term investments ——$0$18.5M$0—————
Receivables $46.1M$85.5M$170.6M$171.0M$119.7M$67.4M$50.4M$59.5M$66.1M$50.5M
Inventory $78.1M$90.3M$99.9M$160.5M$131.7M$97.8M$31.5M$41.7M$53.4M$26.6M
Total current assets $248.8M$323.4M$488.0M$563.1M$404.1M$361.7M$181.8M$185.4M$201.3M$212.8M
Property, plant and equipment $48.9M$59.3M$66.4M$79.0M$60.9M$39.5M$16.6M$18.4M$22.7M$20.5M
Goodwill $318.6M$318.6M$318.6M$306.7M$306.7M$302.8M$238.3M$238.3M$238.0M$76.0M
Other intangibles $48.9M$55.0M$73.6M$109.3M$149.9M$200.1M$188.0M$240.5M$310.6M$81.9M
Total assets $796.4M$864.6M$1.08B$1.18B$1.05B$1.02B$705.8M$743.6M$824.9M$422.7M
Accounts payable $37.9M$31.4M$21.6M$68.6M$53.0M$32.8M$13.4M$15.6M$16.9M$6.8M
Short-term debt —————$0————
Total current liabilities $186.0M$182.3M$222.1M$341.1M$207.4M$233.7M$66.6M$75.3M$76.4M$54.5M
Long-term debt $123.6M$123.0M$122.4M$121.8M$306.2M$363.6M$206.9M$255.8M$347.6M$0
Total liabilities $344.5M$348.4M$394.0M$503.6M$561.2M$631.3M$290.9M$343.7M$437.4M$70.2M
Retained earnings -$500.4M-$363.7M-$118.5M-$45.4M-$170.4M-$212.4M-$113.8M-$93.6M-$69.1M-$59.9M
Total equity $451.9M$516.3M$686.3M$676.4M$489.2M$391.1M$414.9M$399.9M$387.4M$352.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $19.6M-$45.3M$43.4M$388.7M$168.2M$73.6M$78.3M$102.7M$75.1M$117.3M
Depreciation and amortisation $44.0M$54.1M$71.5M$80.7M$91.8M$76.5M$66.4M$79.0M$66.7M$26.7M
Stock-based compensation $77.1M$66.0M$55.2M$81.7M$59.4M$47.6M$32.1M$31.7M$32.7M$21.8M
Capital expenditure $12.6M$17.7M$13.5M$41.3M$39.2M$12.5M$6.9M$7.8M$7.5M$8.5M
Investing cash flow -$19.8M-$23.4M-$15.9M-$91.8M-$91.8M-$175.3M-$7.0M-$7.8M-$432.2M-$101.3M
Financing cash flow -$18.7M$1.3M-$26.4M-$240.4M-$91.9M$159.6M-$53.4M-$93.8M$347.0M-$670.0K
Buybacks $20.0M$0$0$31.5M$23.5M$0$0$0$334.0K$3.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001288469-26-000011.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -500M 0 500M 1B 1.5B Revenue, FY2016: 387.8M Gross profit, FY2016: 230M Net income, FY2016: 61.3M Revenue, FY2017: 420.3M Gross profit, FY2017: 208M Net income, FY2017: -9.2M Revenue, FY2018: 385M Gross profit, FY2018: 208.8M Net income, FY2018: -26.2M Revenue, FY2019: 317.2M Gross profit, FY2019: 167.7M Net income, FY2019: -19.9M Revenue, FY2020: 478.6M Gross profit, FY2020: 212.8M Net income, FY2020: -98.6M Revenue, FY2021: 892.4M Gross profit, FY2021: 495.8M Net income, FY2021: 42M Revenue, FY2022: 1.1B Gross profit, FY2022: 649.8M Net income, FY2022: 125M Revenue, FY2023: 693.3M Gross profit, FY2023: 385.7M Net income, FY2023: -73.1M Revenue, FY2024: 360.5M Gross profit, FY2024: 194.8M Net income, FY2024: -245.2M Revenue, FY2025: 467.6M Gross profit, FY2025: 265.8M Net income, FY2025: -136.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $387.8M $420.3M $385.0M $317.2M $478.6M $892.4M $1.12B $693.3M $360.5M $467.6M
Gross profit $230.0M $208.0M $208.8M $167.7M $212.8M $495.8M $649.8M $385.7M $194.8M $265.8M
Net income $61.3M -$9.2M -$26.2M -$19.9M -$98.6M $42.0M $125.0M -$73.1M -$245.2M -$136.7M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3674

TickerCompanyMarket capP/ERevenue growth
NVDA NVIDIA CORP $5.08T 43.1x 65.5%
AVGO Broadcom Inc. $1.53T 67.4x 23.9%
MU MICRON TECHNOLOGY INC $991.10B 115.6x 48.9%
AMD ADVANCED MICRO DEVICES INC $843.65B 195.0x 34.3%
INTC INTEL CORP $438.63B — -0.5%
AMAT APPLIED MATERIALS INC /DE $299.38B 43.6x 4.4%
TXN TEXAS INSTRUMENTS INC $259.99B 52.2x 13.0%
MRVL Marvell Technology, Inc. $200.38B 74.4x 42.1%